Word: granting
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Dates: during 1950-1959
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American, which began life in the days of the second Grant Administration as Frank Leslie's Popular Monthly, embraced the whole rise of mass magazine journalism. Changed to American in 1906, it spent a muckraking youth publishing Lincoln Steffens, Ida Tarbell and Ray Stannard Baker, made its biggest impact under Editor John Siddall, who pushed circulation from less than 500,000 to over 2,000,000 between 1915 and 1923 with the inspirational magic of success stories. In its time, American was the first to run Kipling's If and Edna Ferber's short stories, ranged...
...Wall Street office last week, two shirtsleeved Washington State wheat farmers tackled a heroic task in a historic cause. As commissioners of Grant County's tiny (12,805 customers) Public Utility District No. 2, the farmers started signing their names 166,000 times on revenue bonds that will set in motion the nation's third biggest hydroelectric development (after Grand Coulee and Hoover Dams). It will be the first to be built under President Eisenhower's policy of power partnership between private and public utilities. The project: Columbia River dams and power plants at Priest Rapids...
...still stood on its conditional offer to grant Nasser $56 million toward his dam (Britain is still ready to grant $14 million), to precede a World Bank loan of $200 million. The reasons were basic and simple: 1) the U.S. offer, with its businesslike requirement of a sound Egyptian fiscal system, was good for Nasser-and he knew it; 2) the U.S. knew full well that if Nasser accepted Russian easy terms he was bound to pay a heavy price in independence besides having a hard time laying his hands on the money-and presumably Colonel Nasser knew that...
...President underlined the U.S.'s long-standing belief in independence for properly prepared colonies by deputizing Vice President Richard Nixon to be in Manila July 4 to attend the tenth-anniversary celebration of the Republic of the Philippines. The U.S. is expected next week to offer a grant of $35 million in economic aid to neutral Indonesia-about one-twentieth the sum sent in fiscal 1956 to allied South Korea, about one-sixth the U.S. Mutual Security budget for allied South Viet...
Magic Lamp. The dam, a dramatic project that will irrigate 2,000,000 acres of desert, is estimated to cost $1.3 billion over a period of ten years. The U.S. has offered to grant $56 million outright and Britain another $14 million, for a start. Further grants have been promised, but cannot be guaranteed because the U.S. cannot commit Congress more than a year in advance. A major chunk is to come in the form of $200 million loans from the World Bank. Though most of the details of financing were settled months ago, there have been mysterious delays, which...